“We are very pleased to reach this important milestone and announce the formation of our future management team, comprised of outstanding leaders from WESCO and Anixter,” said John Engel, Chairman, President and Chief Executive Officer of the Company. “The depth of talent in both organizations is reflected in this exceptionally strong leadership team that will lead our combined company throughout the integration and transformation process into the world`s leading distribution and supply chain solutions company for electrical and data communications. I look forward to working with this team as we leverage the best elements of the combined company to deliver on our synergy commitments and create significant value for our customers, suppliers, employees and investors. The senior management team will consist of executives from three global Strategic Business Units (SEUs) as well as corporate finance, human resources, legal and supply chain/corporate operations functions. In addition, WESCO announced a new position of Chief Transformation Officer, responsible for completing the integration process, aligning the company`s IT systems and digital transformation, and extending WESCO`s historical strength in Lean processes across the enterprise. These eight leadership positions are effective at closing and will report directly to me. Chicago, IL, September 16, 2018 –(PR.com)– Justin Choi, Executive Vice President, General Counsel and Secretary of Anixter International, spoke with Chuki Obiyo of Morae Global about a practical legal and business overview of the legal department`s mission to protect and enable the business. “To be a better business facilitator, lawyers shouldn`t use legal terms as badges of honor when talking to clients,” says Justin. To this end, in-house counsel should strive to be “seen as a true advisor and advisor, not just a business or labour lawyer.” Justin and his colleagues in the legal department have progressed in their mission to work with their business partners, particularly Anixter`s global sales team. Listen to Justin and Chuki discuss these advances and get practical insights into what legal departments need to do right – the right people, the right processes, the right systems, and the right dashboard. For free access to the full podcast, please contact Chuki Obiyo on Morae Global or LinkedIn: linkedin.com/in/chukiobiyo/ This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities or a solicitation of vote or approval, and there will be no sale of securities in any jurisdiction; In the event that such an offer constitutes a solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. An offer of securities may only be made by means of a prospectus that meets the requirements of section 10 of the Securities Act, 1933, as amended.
As part of the merger, on March 4, 2020 and March 9, 2020, respectively, WESCO submitted to the SEC an amendment to the one originally dated March 7, 2020. A registration statement filed in February 2020, which includes a prospectus of WESCO and a proxy circular of Anixter, and each party will file further documents with the SEC with respect to the proposed transaction. The registration statement was filed effective by the SEC on March 11, 2020 and the proxy statement/prospectus was sent to Anixter shareholders. INVESTORS AND SECURITYHOLDERS OF WESCO AND ANIXTER ARE CAUTIONED TO CAREFULLY AND COMPLETELY READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WESCO, ANIXTER AND THE PROPOSED TRANSACTION. Investors and securityholders may obtain free copies of the registration statement, proxy statement/prospectus and other documents filed by WESCO or Anixter with the SEC through the SEC-operated website under www.sec.gov [sec.gov]. Copies of WESCO`s filings with the SEC will be available free of charge on WESCO`s website at wesco.investorroom.com/sec-filings [wesco.investorroom.com], and copies of Anixter`s filings with the SEC will be available free of charge on Anixter`s website at investors.anixter.com/financials/sec-filings [investors.anixter.com]. Diane Lazzaris, currently Senior Vice President and General Counsel of WESCO, will become Executive Vice President and General Counsel. Lazzaris has held her current position since 2014 and previously served as Vice President of Legal Affairs at WESCO. Prior to joining WESCO, Lazzaris was General Counsel and Corporate Secretary at Dick`s Sporting Goods. Earlier in her career, she held various leadership positions in Alcoa`s legal department. Hemant Porwal, currently Vice President of Global Supply Chain and Operations at WESCO, will become Executive Vice President of Supply Chain and Operations. Porwal has held his current position since 2015.
Previously, he was Vice President and Chief Procurement Officer at Sears Holdings. Earlier in his career, Porwal held various leadership positions in finance, supply chain and operations at PepsiCo. All statements contained herein that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. These forward-looking statements are identified by words such as anticipate, plan, believe, estimate, intend, expect, project and similar words, phrases or phrases. These forward-looking statements are based on the current expectations and beliefs of WESCO`s management, as well as the assumptions and information currently available to WESCO`s management, current market trends and market conditions, and involve risks and uncertainties, many of which are beyond the control of WESCO and WESCO`s management, which may result in actual results being realized from those contained in the forward-looking statements. the results vary. Therefore, you should not place undue reliance on these statements. Some of these risks are set forth in WESCO`s Annual Report on Form 10-K for the year ended December 31, 2019, WESCO`s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and other WESCO reports filed with the United States. Securities and Exchange Commission (the “SEC”). Dave Schulz, currently SENIOR VICE PRESIDENT and CHIEF Financial Officer of WESCO, will become Executive Vice President and Chief Financial Officer.
He has held his current position since 2016. Prior to joining WESCO, Schulz was Senior Vice President and Chief Financial Officer at Armstrong World Industries. Earlier in his career, he held various financial leadership positions at Procter & Gamble and the J.M. Smucker Company. WESCO says it will provide more details on its integration planning and expected operating and reporting structure once the transaction is complete.